It’s high time for Bitcoin (BTC) to begin its next significant price rise, the creator of one of the best-known BTC price models says.
In a tweet on Sep. 14, quant analyst PlanB highlighted increasing signs that BTC/USD is due to repeat historical gains.
PlanB on BTC price: “Time to go up”
Referring to the original incarnation of his stock-to-flow (S2F) model, PlanB said that the time was right to begin an order of magnitude step up.
“This is the 2019 time series model on historical BTC data only (no gold, silver, diamonds, real estate data used),” he wrote alongside a new chart.
“You see the jump in model value at the halving (white line) and corresponding drop in S2F multiple / model error (white dots). Time to go up.”
Bitcoin stock-to-flow model as of Sep. 14. Source: PlanB/ Twitter
The original S2F chart differs from the more recent stock-to-flow cross-asset (S2FX) model, which incorporates macro